November Activity
Sales remained very strong in the under $500,000 range with multiple offers being the norm. Sales remained at a slow pace in the $500,000 to $800,000 range, and above.
There remains a huge disparity in the inventory of the price ranges. For instance, there is only 2.9 months of inventory in the under $300,000 range (see graph above).
By contrast, there is over 6.8 months of inventory in the $300,000 to $500,000 range, 15.6 months in the $500,000 to $800,000 range, and 25 months of inventory in the over $800,000 market.
What does this mean to you? Please call or email me if you would like a personal assessment of the market, or of your home’s value, or your buying opportunities.
